Subros Limited · NSE:SUBROS
Subros — Q4 FY2025-26 Earnings Presentation
19 slides from Subros's earnings presentation, May 18, 2026
Slide 1: Exchange filing cover letter
SL/BSE/NSE/2026-27/ May 18, 2026 The Manager, Dy. General Manager, Listing Department, Department of Corporate Services, National Stock Exchange of India Ltd., BSE LIMITED, ‘Exchange Plaza’ C-1 , Block G, First Floor, P.J. Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai-400 051.
Slide 2: Financial Results Quarter 4, FY 2025-26 Investor Presentation
Financial Results Quarter 4, FY 2025-26 Investor Presentation
Slide 3: Safe Harbour
SAFE HARBOUR This presentation might contain forward looking statements which involve a number of risks, uncertainties and other factors that could cause the actual results to differ materially from those in the forward looking statements. The Company undertakes no obligation to update these to refl
Slide 4: Company Profile
Company Profile Established in 1985, Subros is the Largest Air Conditioning & Thermal Products company in India. A Joint Venture company between OUR PRESENCE Indian Promoters -36.79%, Denso-20%, Equity Distribution Suzuki-11.96%, Public-31.25% Integrated Thermal Products manufacturer Business for au
Slide 5: Our Board
Our Board Ms. Shradha Suri Mr. Hisashi Takeuchi Mr. Tomoaki Yoshimori Mr. Tsunenobu Hori Dr. Jyotsna Suri Mr. Parmod K. Duggal Mr. Naohisa Kuriyama Chairperson & Managing Representative of Suzuki Representative of Alternate Director Director Executive Director & CEO Representative of Director Motor
Slide 6: SEC Team and OEC Team
SEC Team Ms. Shradha Suri Mr. Parmod K. Duggal Mr. A.K. Parashar EVP & Marwah ED & CEO COO CMD Operations OEC Team Mr. Harish Mr. Rahul Shalya Mr. Kuldeep Mr. Hemant Agarwal Mr. Ajay Agarwal Mr. S.S. Gill Mr. Surender Kumar AVP CQF & Service Sharma CFO & SVP Finance VP SCM VP Finance Narula SVP Oper
Slide 7: Core Competencies
Core Competencies Backward integrated to enable built- Strong manufacturing & process in quality technology infrastructure India’s leading automotive AC company Proven capabilities In full-system design, validation, manufacturing & supplies Highly reliable & energy- efficient products Pan-India pres
Slide 8: Financial Results & Highlights
Financial Results & Highlights Results Analysis - Revenue Results Analysis - EBITDA Results Analysis - PBT/ PAT Financial key Indicators Way Forward
Slide 9: Highlights - Financial Performance
Highlights- Financial Performance Q4 2025-26 v/s Q4 2024-25 (Rs. in Cr.) 15.55% REVENUES 1049.76 EBITDA 100.07 0.84% PBT * 66.69 7.86% Revenue PAT 49.69 7.56% EBITDA Q4 2025-26 v/s Q3 2025-26 REVENUES 1049.76 10.77% PBT* EBITDA 100.07 14.77% PBT* 66.69 26.43% PAT PAT 49.69 42.66% FY 2025-26 v/s FY 2
Slide 10: Business Highlights (Q4 2025-26)
Business Highlights (Q4 2025-26) Q4 25-26 vs Q4 24-25 Q4 2025-26 Highlights PVRevenue Segment Thermal growth business growth is 15.55% Highest everRevenue Highest ever Revenue reported reported for1049.76 for Rs. Rs. is 19% Cr. in quarter 4 of 748 Cr. in quarter 4FY26 due to market demand. New busin
Slide 11: Financial Statement for the period ended 31.03.2026
Financial Statement for the period ended 31.03.2026 Rs. in Lakhs Quarter Ended Year Ended Year Ended PARTICULARS 31.03.2026 31.12.2025 31.03.2025 31.03.2026 31.03.2025 Net Sales 104,590 94,443 90,568 374,205 335,700 Other Operating Income 386 325 279 1,347 1,057 Net Income from Operation 104,976 94,
Slide 12: Revenue
Financial Performance Summary Rs. in Cr. Revenue Key Aspects (YoY): FY 2024-25 vs FY 2025-26 • Revenue is higher by 11.52% during 11.52% the current financial year due to 3,755.52 increase in volume and Start of Production (SOP) of new business 3,367.57 award Q4 FY25 vs Q4 FY26 Key Aspects (QoQ): 15
Slide 13: EBIDTA
Financial Performance Summary Rs. in Cr. EBIDTA Key Aspects (YoY): • EBIDTA is higher by 5.77% during FY 25-26 due to - Accrued incentive income of Rs 15.48 Cr. FY 2024-25 vs FY 2025-26 -High material cost-Adverse commodity/ Currency - movement, Product Mix change compensated by 5.77% cost optimizat
Slide 14: PBT (Before Exceptional)
Financial Performance Summary Rs. in Cr. PBT (Before Exceptional) Key Aspects (YoY): FY 2024-25 vs FY 2025-26 • PBT is higher by 12.24% due to Cost down initiatives in spite of higher 12.24% material cost and other expenses with 228.37 lower depreciation and Finance cost. Accrued incentive income of
Slide 15: Key Indicators FY 2025-26 v/s FY 2024-25
Key Indicators FY 2025-26 v/s FY 2024-25 Rs. in Cr. Indicators FY 2024-25 FY 2025-26 Change Status Key Aspects: Revenue From • Revenue is higher by 11.52% due to 3367.57 3755.52 387.95 Operation increase in volume and Start of Other Income 20.78 38.65 17.87 Production (SOP) of new business Mater
Slide 16: Key Indicators Q4 FY 2025-26 v/s Q4 FY 2024-25
Key Indicators Q4 FY 2025-26 v/s Q4 FY 2024-25 Rs. in Cr. Indicators Q4 FY 2024-25 Q4 FY 2025-26 Change Status Key Aspects: Revenue From Operation 908.46 1049.76 141.30 Other Income 6.46 7.70 1.24 • Revenue is higher by 15.55% in Q4 Material Cost 72.90% 74.14% 1.24 due to increase in volume and
Slide 17: Key Indicators Q3 FY 2025-26 v/s Q4 FY 2025-26
Key Indicators Q3 FY 2025-26 v/s Q4 FY 2025-26 Rs. in Cr. Indicators Q3 FY 2025-26 Q4 FY 2025-26 Change Status Key Aspects: Revenue From 947.68 1049.76 102.08 Operation • Revenue is higher by 10.77% in Q4 from previous quarter. Other Income 5.75 7.70 1.94 Material Cost 73.26% 74.14% 0.88 • Oth
Slide 18: Way Forward
WAY FORWARD Company Growth aligned Business Expansion in CV To Realize business Market and to Industry Growth in all Segment opportunities Green Revenue segments (Bus, rail, Truck, Tractor) Mobility i.e. ( EV, SHEV, CNG etc.) Potential Karsanpura Plant Expansion for localisation of Electric Compress
Slide 19: Thank You
~ Thank You | Subres Cooling the Planet LEE Subres